Tag: U.S. Treasury

U.S. Treasury Fines Exxon $2M for Violating Russia Sanctions

The U.S. Treasury Department on Thursday said it’s fining Exxon Mobil Corp $2 million for showing “reckless disregard” for Russia sanctions, the Associated Press reported. Treasury said Exxon subsidiaries signed a deal with Igor Sechin, the chairman of a Russian oil giant, who is on a U.S. blacklist in May 2014. At the time, Secretary…

U.S. Adds More Russians to Sanctions List

The U.S. Treasury Department has added seven Russians and dozens of companies to its sanctions list because of Moscow’s activities in Crimea and Ukraine. The updated list, released Tuesday, includes Yevgeny Prigozhin, a St. Petersburg businessman known as President Vladimir Putin’s chef. The addition of new names provoked an angry response from the Kremlin, with…

Woman to Replace Hamilton on $10 Bill [VIDEO]

The U.S. Treasury announced Wednesday that beginning in 2020, a woman’s face will replace Alexander Hamilton on the $10 bill. Treasury Secretary Jack Lew said he’s looking for public input on which female historical figure should become the first to appear on U.S. paper currency for the first time in 119 years. Hamilton will remain…

Treasury Forecasts 2008 Recession or Worse if US Defaults

Treasury Forecasts 2008 Recession or Worse if US Defaults If the Congress fails to raise the $16.7 trillion federal borrowing limit by October 17, the government could begin running out of money to pay its bills, which would result in an unprecedented US debt default. “In the event that a debt limit impasse were to…